Twenty-two of the 38 government-run special accounts for such services as labor insurance and postal savings have posted estimated deficits totaling some 10.48 trillion yen for fiscal 2000, according to government financial documents made available Sunday.
The deficits are expected to total 10.476 trillion yen in the year up to March 31, according to financial statements compiled by government ministries and agencies based on guidelines set by the ruling Liberal Democratic Party Administrative Reform Promotion Headquarters.
It was the first time the government has disclosed the flow of funds in the accounts in substantial detail. The new LDP guidelines employed stricter methods on par with accounting yardsticks used by private companies, to assess the special accounts.